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And yes it would cost money. Better than having people see half their monthly income going to keep warm. There are people on disability allowance, carers allowance or even pension who simply can not afford the price cap, it would wipe them out. I believe you need to be earning about 60k for the average price cap price not to move you into the measurement of fuel poverty. |
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How about a profit cap-i think the greedy buggers have earned enough out of peoples misery for this year.
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The UK consumes more than double the amount of gas it produces, so more than half the gas comes from outside of the UK, and outside of UK tax jurisdiction. How can they be described as "greedy" when they don't set the price? |
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More concerning for the Conservatives would be this.
https://www.dailymail.co.uk/news/art...-Ashcroft.html |
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He and Labour have offered nothing, absolutely nothing, in regards to coherent policy and governance. He/they have this lead purely because the Tory party has monumentally disappeared up it’s own arse. I agree that I don’t see the Tories winning the next election, regardless of who wins the leadership. I also think that the party is in such a state that whoever wins this leadership contest may not necessarily be the leader come the next election. I’m off to listen to the Charlie Daniels band whist the flames lick the feet of Westminster Palace. |
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When the vaccine rollout was a success, the country opened up and the economy rebounded on that reopening then the Tories were flying. Labour looked doomed. But then the Tories had self-inflicted gaff after gaff. That should be the biggest regret for Johnson because the things that did him weren't ambitious policies but extracurricular nonsense he got involved in for no political gain. Really the cost of living crisis has only really started in the last couple of months and the worst of the energy crisis is to come. Most of their polling lead was due to these stupid mistakes Quote:
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Both those factors will not come into play much at the next General Election in 2024. Add to that the huge cost of living crisis and energy bills which are taking a huge chunk out of voters monthly incomes and the Conservatives are going to struggle to get 35% of the popular vote come 2024. Plus Truss and Sunak don't possess the electability of Johnson. |
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Who is more mediocre? |
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Allied to that the the cost of living crisis and energy bills going through the roof with 2023 economically likely to be just as bad as this year and the governing party has a huge uphill task. Plus by 2024 they would have been in power for 14 years. Historically governments struggle to win a fifth term in office. |
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Starmer is just missing in action..I wish Truss was.
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Labour's plan announced: https://www.bbc.co.uk/news/business-62542541
They're saying freeze the prices as they are now but will part pay for it by scrapping for £400 payments people were going to get over the winter. The other thing that's interesting is that Labour are saying part of it will pay for itself because it'll help control inflation if energy costs are kept down. |
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I'm sure whoever the next Prime Minister is, they will be keen to use any devices that keep inflation in single figures as that inflation rate won't be forgotten by their opponents both on their own side of the house and more importantly, on the Opposition benches as well. |
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The UK gas production is less than half of what we consume, so we will always be reliant on non-UK supplies. Germany has a large gas storage capacity, and still had higher gas prices. |
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If we can do that, we can reduce our reliance on overseas gas supplies and market volatility. I'd better shut up now as this is the Starmer and not the energy price thread! |
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There is no plan that doesn't involve the Government underwriting the wholesale cost of energy. Give cash to people? Compensate the suppliers for the difference between the current cap and the now frozen new cap? Nationalise the lot and buy the energy passing that onto the consumer at a reduced cost? All of them involve subsidising the cost of energy. Otherwise we don't and people turn off their heating this winter and even then find they can't afford other things because they're still paying the standing charge. |
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If you're not producing it, you have to import the remainder. No way around that, other than things like fracking. Using UK produced gas doesn't make it cheaper, as it's sold on the international market. Link Currently Gas is being used for 49% of electricity. How do you replace that? Nuclear is 13%, Wind is 3%, Solar 9%. Not a lot of room to expand on non-Gas sources. A five-fold increase in nuclear might just work. We're importing around 13% of our requirements. |
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Investment would've increased prices long before now. We would've been paying higher prices for years. Quite separate from current or future costs.
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Investment (if done wisely) facilitates innovation and efficiency, leading to increased profits and, where there is sufficient competition or adequate regulation, lower prices. Consumer electronics are probably the best example of this, as the innovation and efficiency cycle is constant and rapid. If you’re going to appeal to capitalism at least try to understand how it works. |
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I’m sorry, Den - it’s mid-term and many voters don’t really know who Truss is. There is no way Starmer will beat her. Even his own party don’t like him as their Leader. |
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There's an age old saying.
Borrow to Invest is the road to success Borrow to Spend is the road to the end. Unfortunately the investing bit should have been done over a decade ago and then maybe we wouldn't be pissing all our cash now. |
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If you borrow, the capital has to be repaid. It can take years to see an overall profit from any investment. |
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The Tories will regret the day they got rid of Boris.
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The whole point of debt financing is that the investment opens an income stream that didn’t previously exist (or radically improves one that did). That new income stream pays off the debt as well as increasing profitability. If it isn’t increasing profit reasonably quickly then in most businesses it isn’t a good investment. In a competitive market (or a properly regulated monopoly) that increased profitability allows the business to operate more competitively by pricing their product or a service more attractively. Thus, to return to consumer electronics as an example, your living room TV costs about half as much (allowing for inflation) as it did 20 years ago. Innovation in a competitive market reduces prices, despite the cost of repaying debt finance. Companies like Amazon are very good at hiding enormous profits behind constant reinvestment which reduces their tax liability but this is an accounting trick, entirely besides the main point at issue here. They’re shuffling their own money around. |
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The regulator should ensure that it is worthwhile energy generators investing in generation capacity and this will include the cost of borrowing. To be fair, this has been very low over the last 10 years. This is not the same as companies like Amazon which have sought to build up global scale very quickly before competitors copied their idea in new markets. They've sacrificed short-term profits for longer-term ones hoping investors will be happy with an increased share price instead of dividends. |
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How long would it take the investment required to build a nuclear power station to be fully recovered? Quote:
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That said I do agree with your last point. If only there was a Government we could point to for their failed policies a decade ago. |
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---------- Post added at 18:25 ---------- Previous post was at 18:23 ---------- Quote:
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I'm curious what new (or vastly improved) income streams would new reservoirs have bought the water companies ? Would we now all be using vastly more water (thus paying more) or would we all just be paying more for the same amount of usage ? Either way, it just seems like we would be paying more. |
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He knows that's political clap-trap. There are non-energy inflationary pressures (wheat for a start) and how does he think the wholesale price og gas will fall? And how is it all going to be paid for other than taxes down the road? |
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As for what happens later, who knows? But that's the same either way. This would at least take us to next April which means we're at least out of the winter months. Then a new plan would be needed but to be honest unless something happens to bring wholesale prices down we're looking at years of the Government underwriting energy costs. The Tories might change it a bit but I can't see this not being what the policy will be. The Government simply can't let these energy bills come in. The projected cap is half of a lot of benefit payments. People will die, or not afford food. |
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We know Truss's form and can't see it improving. She's another Johnson without the charm and humour and her term is projected to see a recession. |
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https://www.ofwat.gov.uk/pn-12-19-so...investigation/ https://www.gov.uk/government/news/t...wage-discharge https://www.standard.co.uk/news/uk/o...s-b986921.html |
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So I wholeheartedly disagree. ---------- Post added at 21:24 ---------- Previous post was at 21:23 ---------- Quote:
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Gold tends to go up in uncertain times and down when the economy recovers but it's doesn't really increase that much over a longer time period. |
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2 Attachment(s)
Are you sure ?
https://goldprice.org/spot-gold.html https://www.cableforum.uk/board/atta...1&d=1660603621 https://www.cableforum.uk/board/atta...1&d=1660603992 Its been a pretty good investment since the early 2000's. Prior to that it was reasonably steady since the start of the 1980's |
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That’s reassuring. |
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What on Earth makes you think Starmer and his motley crew will ever get elected? I think you are quite possibly hallucinating. ---------- Post added at 20:37 ---------- Previous post was at 20:34 ---------- Quote:
Not that I am denying we’re the best country to live in. :D |
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The 'Boris continuity candidate' says all we need to know about the Tories demise. |
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Margaret Thatcher was the most popular PM since Churchill, but she only got through three elections. If Truss won two on the trot, she would be doing pretty well, particularly as Labour have been out of office for 12 years already. Mind you, I think Labour will have an uphill battle in trying to win another election in my Grandkids’ lifetimes unless they make substantial changes that sound attractive to the population. ---------- Post added at 20:43 ---------- Previous post was at 20:42 ---------- Quote:
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"If" is doing a lot of heavy lifting there…
The last two Tory PMs lasted less than three years each… Since the only Tory PM to win more than one election since Thatcher was Cameron (who is as different from Truss as chalk and cheese), and no Tory PM besides Thatcher and Cameron has won more than one Election consecutively, you may being a trifle optimistic… |
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People don't seem to be clamouring for Starmer from where I stand, they are instead protesting about partygate. The Covid years are still very raw in some people's minds. A lot can change in one year, let alone two. That's the nature of politics. ---------- Post added at 09:19 ---------- Previous post was at 09:10 ---------- Quote:
If she fails, we are probably back to the coalition days. Labour cannot win outright. Funny you should mention productivity - I was scoffed at for mentioning the British Disease, but even you know that our workforce need to up their game if Britain is to succeed. You've pretty well just said so yourself. Brexit is only causing problems in the short term. We are in transition. Liz is pledged to scrap the more bureaucratic of the EU Regulations that are hampering business. |
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I agree with the rest of your post. ---------- Post added at 09:24 ---------- Previous post was at 09:20 ---------- Quote:
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The Johnson government failed in the eyes of the electorate not with the implementation of its policies but because of partygate. ---------- Post added at 09:30 ---------- Previous post was at 09:25 ---------- Quote:
I'm a bit surprised that you questioned me on this, Seph. You must know we can do better. |
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(apologies for off topic but context is relevant) |
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The UK own the seabed they're sat on. The Crown Estate take % for that. |
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Trust me when I say this - this current bunch you laughing call Conservatives / a government wouldn't think twice about kicking even you one of their most hardened supporters in the nads if they thought it would give them the advantage, and it's such a shame that you've been sucked in by them. |
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It was Partygate that brought the house down, and if you track the opinion polls, they confirm this. That is the point that his ratings went down. |
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I've never scoffed at anyone for calling out the country's poor productivity but you can't just criticise those outside London for being less productive, and I say that as a Londoner. Solving it has eluded every government in my time although the entry of the country into the European Single Market did see great gains in British companies' productivity as the stronger companies thrived and the weak went under. ---------- Post added at 13:38 ---------- Previous post was at 13:36 ---------- Quote:
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It is true that Boris was unpopular with the left. They knew Labour would never get back with him as PM. The rest of us were more concerned with the bigger picture. But then came the gift of partygate. |
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However, atm, labour are in front because the conservatives have pressed self destruct. I sure as hell hope they dont win, but atm, they are favourites to do so. |
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Starmer and his crew can now very easily get elected for the same reason Blair and his crew got elected in 1997 despite the economy being in good health and people generally feeling prosperous and positive about the future. The Parliamentary Tory Party looked worn out, bereft of ideas and more interested in taking bribes and shagging their mistresses (and each other) than in governing the country. Boris Johnson won a majority so big at the last election that all the pundits said it would take Labour 2 further elections to overturn it. But ever since then Boris Johnson has acted in bad faith, with utter disdain for those whom he governs. It doesn’t matter if inflation is under control and taxes are low, come the next election; sleaze can lose you the vote and right now the Tories, mostly though not entirely through BJ, are mired in it. Despite what we all know about mid-term polling, Starmer and Labour do now have a fighting chance of at the very least, creating a hung parliament which no Tory prime minister could control. So much now depends on who takes over the Tories, how Starmer performs and who appears to be waiting in the wings to succeed him. |
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Why? Not a left or right thing , he was just seen to want to act above the law, and to have an uncomfortable relationship with the truth. Look at Owen Paterson who breached lobbying rules for MPs by meeting with two companies. Instead of following protocol and suspending him, Johnson suggested changing the rules thereby allowing Paterson to continue as MP. This went down badly with the British public and ultimately Paterson resigned. The last straw for Johnson were the allegations against Chris Pincher, who had been appointed deputy chief whip. Johnson initially denied being aware of complaints against Pincher only for it to become clear that he had in fact been aware of the allegations before the appointment. I've not even covered the scandals of Partygate, PPE procurement and the discharge of patients with Covid into nursing homes. |
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Folks, the topic drift has gone too far for me to start weeding out posts, but can we please now return to the topic, which is Sir Keir Starmer and his leadership of Labour.
This means please STOP debating Boris Johnson, Partygate and all other Tory party issues here. There are plenty of other open threads for that. |
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Partygate was just the icing on the cake
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As Liz described Keir's suggestions for dealing with energy price rises as a 'sticking plaster', I wonder what she's going to do as a long-term cure?
Mods: not sure if this should be here or the energy crises, or the Boris thread - feel free to move it if you want! |
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I cant be bothered to move it, but future posts on the topic probably belong in the energy topic. :)
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He’d have gotten away with it too if it wasn’t for those pesky kids. On a technical point the vast, vast, majority of the British population didn’t vote for Boris Johnson at all. He stands in one constituency only. You say it was because of “partygate”, but the fact he’s a compulsive liar and partygate aren’t mutually exclusive concepts. It’s when it became obvious that he’d lie to the public, and laugh at them while doing so, which is an entirely different proposition than lying through incompetence and/or corruption. It was also when the Government collapsed into a black hole of it”s own ineptitude, lacking both the capability and moral authority to govern at all. All of the above has nothing to do with “lefties”. You’re simply on such hollow ground it’s a lazy retort to save you from looking at what’s staring you in the face. They’re laughing at you Old Boy. You’re in our camp, not theirs. |
Re: Sir Keir’s Kerfuffle
On this afternoon’s glitter-bombing at the Labour conference …
I was in Liverpool today. Our open-top bus tour was momentarily held up by Keir Starmer arriving at Albert Dock under police escort. Security was absolutely everywhere. Police were even floating around the dock network in boats. So how the heck did a numpty not only get on the stage, but also remain there more than long enough to have inflicted fatal injuries on Starmer, had that been his intent? The security response in the hall was pathetically slow. Though I took some satisfaction in the fact that when the numpty was brought to the ground and dragged away it was two women doing the tackling and dragging. You’ve gotta love Liverpool. :D |
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It is interesting to contrast the Tory and Labour conferences. Labour seem confident in their ability to win power at the GE. The Tories are just UKIP now which will erode a lot of the traditional "Blue Wall" base. Sort of double whammy ...
If I was a Tory donor who sold dodgy PPE and received millions, I'd be looking for good lawyers. About time too ... |
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Starmer conducted himself well at the conference and seemed to be in the right place in terms of the conflict between Israel and Hamas.
Not much detail yet of course - the manifesto will be an interesting read. I wonder if he can get the balance right? So far, he’s avoided the difficult questions. |
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14 actual policies were announced!
https://www.msn.com/en-gb/news/world...eacd2b1a&ei=10 |
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I don’t trust Labour, I don’t like that they win by default, i think their front bench is weak.
But, as it’s inevitable, I can think of worse things than four years or so of Starmer. It will be very interesting to see what kind of majority they get, if indeed they get one. They’ll certainly be the biggest party. A collapse of the SNP will see them to a majority. |
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I can't see Starmer having just the one term. The Conservatives will need several years to rebuild and find their mojo. |
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Even that staunch Tory grandee Max Hastings has declared his support for Starmer now. |
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So it is perfectly possible that if the SNP vote collapsed, the Conservatives could regain control in just one Parliament. Mind you, they need a decent leader to achieve that. Sunak isn’t it. ---------- Post added at 21:49 ---------- Previous post was at 21:48 ---------- Quote:
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(Old Boy effectively ignores the fiascos of the Johnson and Truss Governments, or the fact that the May Government was propped up by the DUP in 2017, as the Tories didn’t have a majority…) |
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